243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
Nov 4, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Lazard cuts 8 US retailers, says sell Saks

By
Reuters
Published
Nov 4, 2009

Nov 4 (Reuters) - Lazard Capital Markets downgraded eight retailers to "hold" from "buy", including apparel retailers American Eagle Outfitters Inc (AEO.N) and Guess Inc (GES.N), citing the stocks' dramatic out-performance since March.


American Eagle Outfitters

The brokerage also cut upscale department store operator Saks Inc (SKS.N) to "sell" from "hold".

The retail, apparel and footwear stocks have risen 180 percent since March while the S&P 500 index .SPX is up only 55 percent in the same period, the brokerage said, adding that the stocks are now discounting a significant earnings recovery.

"No one seems to be able to find a good short idea. This is usually a good time to take some chips off the table," analysts led by Todd Slater wrote in a note to clients.

The analysts said the sentiment in the market is shifting to "sell the news," as investors are moving to a more profit-taking mentality and are selling even into rising earnings outlooks.

The analysts kept their "buy" rating on Wal-Mart Stores Inc (WMT.N) and off-price retailer TJX Cos Inc (TJX.N).

For the alerts double click [nWNAB9771]

(Reporting by Viraj Nair and Vidya Lakshmi in Bangalore; Editing by Deepak Kannan)

(([email protected]; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: [email protected])) Keywords: RETAILAPPAREL/RESEARCH LAZARDCAPITALMARKETS

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nBNG23270

© Thomson Reuters 2024 All rights reserved.